Question Details

Output goals define the type of business an organization



True/False 
1. A good mission statement says whom the firm will serve and how it will go about accomplishing its societal purpose. 

2. Organizations that can more effectively translate the positive character of their societal contribution into a favorable image have a disadvantage relative to firms that neglect the societal sense of purpose. 


3. In the United States and Japan, it is generally expected that the primary beneficiary of business firms is the stockholder. 

4. Although an organization may have a primary beneficiary, its mission statement may also recognize the interests of many other parties. 


5. Output goals define the type of business an organization is in and provide additional substance to the more general aspects of mission statements. 





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